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Deregulation 2002 P10



Economy, Enron slowed retail competition, Michigan regulators say
Just 3,200 customers were participating in Michigan's retail electric pilot program at yearend, regulators reported. But state regulators urged patience in 2002, the first year of full retail participation.

Texas utilities giving away electricity after rules prove unworkable
Cumbersome deregulation rules have left some Texans in the dark without electricity after a move. But Texas legislators said at a Tuesday hearing they also are concerned that utilities are supplying some consumers free power while the grid operator tries to fix the problem. (Ann de Rouffignac)

Cap Gemini Ernst & Young urges prudence for enthusiasts of global utility deregulation
Consultants at Cap Gemini Ernst & Young are offering cautionary guidance to U.S. and global utility company executives who feel deregulation has been a success so far.

Texas utility bond offering sets record low yields, resets market levels for deregulation 'transition' bonds
Texas ratepayers will save over $350 million from the sale on Thursday by CPL Transition Funding, LLC of approximately $797 million asset-backed bonds.

Sempra Energy Solutions offers large businesses EnergyChoice
Sempra Energy Solutions announced the rollout of a portfolio of electricity, natural gas and environmental products and services for business and industrial customers.

Texas grid operator, regulators in showdown over financial disclosures
The Texas grid operator appears to be headed for a showdown with electricity market participants, state regulators, and consumer groups over release of its finances. They want the statements to more fully understand why ERCOT wants to raise the mandatory fee charged to all electricity consumers within its market. So far ERCOT has turned down requests to be more forthcoming. (Ann de Rouffignac)

Local governments, schools in Texas expect to save millions by purchasing electricity in bulk
Cities, counties, and schools across Texas expect to see significant savings on their electric bills this year by banding together to negotiate lower electric rates from competing Retail Electric Providers (REPs).

ERCOT adds new pricing zone; design similar to California
Wholesale electricity prices could rise in Houston during period of high demand after the Texas grid operator added a new Houston pricing zone. Market analysts said the Texas congestion management system bears a strong resemblance to the failed California model. (Ann de Rouffignac)

Texas QF generation shut-in; QFs file complaint at FERC
Texas cogenerators known as qualifying facilities asked federal regulators to enforce a federal law governing electricity sales from the facilities in a emergency complaint Wednesday. Texas QFs said they have struggled to operate since Jan. 1 because utilities aren't paying them rates required by tariffs. (Ann de Rouffignac)

PG&E to argue federal bankruptcy law trumps state law
Pacific Gas & Electric Co. will argue federal bankruptcy law trumps state law at a hearing Friday in its efforts to persuade a US bankruptcy judge to approve the utility's reorganization plan. The California Public Utilities Commission, the state attorney general, and some consumer groups are fighting the company's reorganization proposal, which would shift some assets away from state regulation.

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